The ETF seeks to replicate to the extent reasonably possible and before fees and expenses, the performance of a Canadian preferred shares index. The ETF seeks to replicate the performance of the Solactive Canadian Rate Reset Preferred Share Index (TR) (the “Index”). The investment strategy of the ETF is to invest, directly or indirectly, in a portfolio of Canadian preferred shares that closely matches the Index. The Index is composed of Canadian rate-reset preferred share securities issued in the Canadian market and listed on the TSX, that meet minimum market capitalization, quality and liquidity criterias.